WatchGuard reacts to “explosive market growth” with new CTO hire

With the worldwide cyber security market expected to grow from US$95.60 billion in 2014 to US$155.74 billion by 2019, WatchGuard Technologies has revealed plans to “aggressively strengthen” its executive leadership team.

As a result, the security expert firm has revealed that Corey Nachreiner has been promoted to Chief Technology Officer, and Michelle Welch, former Vice President of Marketing at data protection market leader SafeNet, will now lead worldwide marketing.

“WatchGuard has had an excellent reputation as a market leader in network security, which has received several accolades from the industry in the last 12 months,” says Prakash Panjwani, CEO, WatchGuard.

“As I step into my new role as CEO, I'm focused on building a leadership team that will continue to push product excellence, further enhance our service and commitment to our channel partners, while seeking opportunities to expand into new markets.

“Corey and Michelle share that same vision and bring significant experience in executing on it, allowing us to continue our growth momentum in 2015 and beyond.”

Recognised as a thought leader in IT security, Nachreiner will spearhead WatchGuard's technology vision and direction, thought leadership, and advance WatchGuard's security research, while being a high-value resource for our customers and partners.

Previously, he was the director of strategy and research at WatchGuard, operating at the frontline of cyber security for 16 years, and for nearly a decade has been evaluating and making accurate predictions about information security trends.

As an authority on network security and internationally quoted commentator, Nachreiner's expertise and ability to dissect complex security topics makes him a sought after speaker at forums such as Gartner, Infosec and RSA.

Also, Welch has been named WatchGuard's VP of Marketing and is responsible for the development, execution and organisation of the company's global marketing strategy.

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